Commerce questions and answers

Commerce Questions and Answers

Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.

3,116.

Which of the following are the components of commerce?
I Trading and advertising
II Warehousing and transportation
III Packaging and branding
IV Insurance and banking

A.

I and II

B.

I and III

C.

I, II and IV

D.

II, III and IV

Correct answer is C

No explanation has been provided for this answer.

3,117.

The secretariat of the Niger Basin Commission is located at

A.

Ouagadougou, Burkina Faso

B.

Abuja, Nigeria

C.

Niamey, Niger

D.

Bamako, Mali

Correct answer is C

No explanation has been provided for this answer.

3,118.

A firm's organizational structure would change if

A.

one of the major partner dies

B.

there is excessive competition

C.

there is seasonal variation in demand

D.

the scope of business operation changes

Correct answer is D

No explanation has been provided for this answer.

3,119.

The direct authority of a superior over his subordinate is known as

A.

staff authority

B.

line authority

C.

line and staff authority

D.

office authority

Correct answer is B

No explanation has been provided for this answer.

3,120.

Motivation is an essential element in management because it

A.

leads to the improvement of staff welfare

B.

encourage individual to work towards achieving the orgaization's objective

C.

educe friction among employees in the process of achieving the company's objective

D.

helps to eliminate industrial disharmony

Correct answer is B

No explanation has been provided for this answer.